EFCC Chairman Responds to False Report on Bayo Ojulari’s Retirement, Threatens Legal Action
- Reports claiming that chairman of the EFCC, forced the CEO of NNPCL to retire were denied
- In a statement issued by the EFCC, Olukoyede called the report false and harmful to his reputation
- His lawyer further warned that failure to comply would lead to legal action for defamation
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Reports that Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), compelled Bayo Ojulari, the CEO of the Nigerian National Petroleum Corporation Limited (NNPCL), to retire were refuted on Wednesday, August 6th.

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New Telegraph reported that Ojulari was allegedly kidnapped and forced to retire in Abuja by the EFCC Chairman, according to a news story by an online portal.
Dismissing the purported report in a statement issued by the EFCC Spokesperson, Dele Oyewale, Olukoyede described the report as uncharitable and capable of casting him in the mold of someone who has “betrayed and subverted public trust.”
He, however, demanded a retraction of the story from the online platform and a public apology within 48 hours.
Speaking through his lawyer, Olumide-Fusika (SAN), the anti-graft agency’s boss, who wrote to the online platform, said: “The publications and the imputations conveyed by them are so d*mning and cannot be ignored or treated with levity.”
He, therefore, demanded that the medium acknowledge their wrongdoing, expressly admit that what they published and imputed against his client is false, apologise for it unreservedly, and retract and pull down the stories from their website and social media platforms.
Olukoyede’s lawyer warned that any failure to comply with his instructions would result in the issuance of a “writ in the tort of defamation to allow you to prove what your disparagement of my client’s character and reputation, especially in the context of the office he holds as Chairman of the Economic and Financial Crimes Commission.”

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Presidency source opens up on NNPC's Ojulari resigning
Legit.ng had reported that the report by some online that the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has resigned from his position. A reliable source within the presidency said that the claims were "rubbish and false".
It was earlier reported that the claim that the NNPC boss was compelled to resign from his position by the Economic and Financial Crimes Commission (EFCC). However, the presidency source dismissed the claim and insisted that the report was false.
According to Vanguard, President Bola Tinubu appointed the NNPC boss in April 2025. He was then mandated to reform the oil firm and enhance its operational efficiency by restoring investors' confidence and making the company more commercially viable.
NNPC spokesperson gives reason for resigning
Legit.ng reported that Olufemi Soneye, the Chief Corporate Communication Officer of the Nigerian National Petroleum Company (NNPC) Limited, has stepped down from his position.
Soneye announced the development in a statement on Saturday, June 21, expressing gratitude to his colleagues for their support in the past 20 months. He cited family and personal reasons for his decision to step down.
In his message, he described his time at Nigeria's oil firm, saying it was an honour for him to serve the NNPCL and contribute to the company's transformation. He then promised to remain a good ambassador and give his steadfast support to the company.
Source: Legit.ng